NEW YORK--(BUSINESS WIRE)--Sumitomo Corporation of Americas (“SCOA”), the largest subsidiary of
Sumitomo Corporation, one of the world’s largest traders of goods and
services, announced today that it made a minority investment in
Sintavia, LLC, a leading Tier One metal additive manufacturer based in
Davie, FL. The parties jointly announced that the purpose of the
investment was to leverage SCOA’s network in the global Aerospace and
Oil & Gas industries, while accelerating Sintavia’s stated growth plans
throughout the world. Terms of the deal were not disclosed.

“SCOA has spent decades building an enormous global network within
several industries, including Aerospace and Oil & Gas,” said Kenichi
Hyuga, SVP and General Manager of SCOA’s Construction and Transportation
Systems Group. “We believe Sintavia’s highly advanced technology will
add immediate value to our current business relationships, and position
us for even greater business opportunities in the future.”

“With SCOA as a long-term partner, we recognize that we are aligning
ourselves with a global leader in multiple end markets that is committed
to supporting our growth,” said Brian R. Neff, Sintavia’s Chairman and
Chief Executive Officer. “Demand for Sintavia’s brand of quality AM
production has boomed this year, and we recognize that in order to fully
meet this demand over the coming years we will need to find a partner to
help us manage growth. We believe we have found that partner in SCOA.”

In addition to supporting Sintavia’s growth and penetrating key end
markets, the partnership is expected to generate additional synergistic
benefits. The parties see potential through Sumitomo group companies to
develop solutions, alongside strategic partners in the Aerospace
industry, to optimize products by leveraging AM technology.

Another example of how the partnership could leverage SCOA’s
subsidiaries and affiliated companies is through Sumitomo’s wholly-owned
subsidiary, Howco, an integrated supply chain partner for the global Oil
& Gas industry. Howco provides steel alloys, turnkey machined and
assembled components, and other products for upstream segments of the
Oil & Gas sector, for which they will seek industry-specific business
development opportunities together with Sintavia.

About Sumitomo Corporation of Americas

Established in 1952 and headquartered in New York City, Sumitomo
Corporation of Americas (SCOA) has 8 offices in major U.S. cities. SCOA
is the largest subsidiary of Sumitomo Corporation, one of the world’s
leading traders of goods and services. As an integrated business
enterprise, the firm has emerged as a major organizer of multinational
projects, an expediter of ideas, an important international investor and
financier, and a powerful force for distribution of products and global
communications through a network of offices worldwide. Its core business
units include Tubular Products, Environment and Infrastructure, Steel
and Non Ferrous Metals, Transportation and Construction Systems,
Chemicals and Electronics, Media and IOT Applications, Real Estate,
Mineral Resources and Energy, and Food. In collaboration with SCOA
affiliated company, Presidio Ventures, an early stage investment firm
headquartered in Silicon Valley for more than 20 years, SCOA is
expanding its portfolio by incorporating new technologies emerging in
traditional industries. For more information, visit www.sumitomocorp.com.

About Sintavia

Sintavia is the global leader for independent metal AM for critical
industries, including Aerospace & Defense and Oil & Natural Gas. With
high-speed printers co-located alongside precision post processing
equipment, a full complement of mechanical testing equipment, and a full
metallurgical and powder laboratory, Sintavia is able to optimize
parameters, serially manufacture, and audit quality parts for critical
industries. Sintavia is committed to the highest quality standards in
the industry, and holds Nadcap, AS9100, ISO17025, and ANAB
accreditation, as well as being OASIS registered and ITAR compliant. For
more information visit http://www.sintavia.com.